New frontier in tech
Updated: 2014-07-02 07:13
By Chen Yingqun (China Daily)
|
|||||||||
Stone says the career of Lei Jun, CEO and founder of Xiaomi, is a good illustration of how the Chinese Internet industry has evolved.
Lei started his career at the Chinese software company Kingsoft, which, Stone says, was not particularly innovative in the beginning. In some ways, it was simply following in Microsoft's steps although the company went public many years later. He invested in the online bookseller Zhuoyue.com, which was not particularly innovative either and which Amazon later bought and turned into Amazon.cn.
But what is fascinating about Lei is how he resigned as CEO of the software company Kingsoft and kept trying to work out how to build a true Internet company, Stone says.
Stone says that Lei is similar to Bezos, who is analytical and strategic about the market and thinks about how he can improve it and how to be more innovative, coming up with small features that may make a difference.
Stone has been in China promoting his Bezos book, which won the Financial Times and Goldman Sachs Business Book of the Year Award last year and was published in Chinese in January.
The book looks at how Bezos built Amazon into an e-commerce empire over 20 years and how it changed people's shopping and reading habits.
Stone says that when he was in Silicon Valley, many great books were written about Apple, Google and Facebook, but no one had written about Amazon.
"But in the US and Europe, Amazon was the first company on the Internet that you knew about. It changed the way people shopped, it changed the way we read and it has recently changed the way that companies operate."
Amazon was founded in Seattle in 1995. It pioneered selling books online and has gone on to develop in many areas, selling millions of products.
Though Amazon is a big company with enormous sales, its rate of return is small, Stone says, and Bezos' aim is not to make more money for shareholders, but to be very patient and ambitious about the market.
- Star Stefanie Sun holds concert in Beijing
- Faye Wong's manager refutes star's drug rumors
- Lu Yi and daughter Bei Er pose for street snaps
- Photoshoots of actress Li Xiaomeng
- Council of Fashion Designers of America Awards
- Fan Bingbing, first Chinese actress in Barbie Hall of Fame
- Awarding ceremony of 2014 hito Pop Music held in Taipei
- Zhao Liying's photo shoot for Children's Day
Most Viewed
Editor's Picks
Xi attends BRICS summit |
China helps fight international war on drugs |
Crackdown on terrorist attacks |
My China Story: Meeting the master |
Tongues tied around tatu-bola |
A market that's not such a hot property |
Today's Top News
Ex-security chief Zhou Yongkang under probe
Prudence urged over solar dispute
US visa delays likely to continue
McDonald's fishing for supplier
OSI group to fund food safety
China's FDI in US set for increase
Glitch delays visas for US-bound students
A musical spoof of the Clinton years
US Weekly
Geared to go |
The place to be |